Gapping down
In reaction to disappointing earnings/guidance:
- ZAGG -23.1% (also to consider strategic alternatives and updates restructuring plans), NEWR -22.4%, SSTI -19.3%, FTR -17.1%, AMAG -15.6% (light volume), OAS -13.8%, KAR -13.5%, PBPB -12.9%, PEN -11.8%, BECN -9.7%, QEP -9.4% (also enters into cooperation agreement with 4.9% shareholder Elliott Management ), MAXR -9.1%, SUPN -9%, AXGN -8.4% (light volume), LL -5.9%, ENLC -4.9%, DIS -4.1%, LTHM -2.5%, PLNT -2.1%, RRR -1.9%
Other news:
- DPW -17.5% (established $5.5 mln "at-the-market" equity offering program)
- IRWD -4.1% (proposes offering of $330 mln of convertible senior notes)
- WAB -1.2% (ticking lower - Wabtec announced the launch secondary offering of 20,485,156 shares by General Electric Company as the sole selling stockholder)
- SILK -1.1% (commences proposed underwritten public offering of 3,500,000 shares of its common stock)
- AYX -0.6% (proposes private offering of $350 mln of Convertible Senior Notes due 2024 and $350.0 million aggregate principal amount of Convertible Senior Notes due 2026)
Analyst comments:
- LGIH -1.7% (downgraded to Sell at BTIG)